Deductions available to huf

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Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 what deductions are available for HUF u/s 80.
PPF is not allowed now. so what will be the best investment?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 July 2013 Sec.80C for Individual and HUF same provisions only. PPF allowed

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 July 2013 ppf is allowed to huf.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2013 see this link..ppf cant be extended now.

http://www.citehr.com/303838-ppf-account-huf-can-not-extended-beyond.html

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2013 see this link..ppf cant be extended now.

http://www.citehr.com/303838-ppf-account-huf-can-not-extended-beyond.html

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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19 July 2013 what is the relation with the link and your query

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 ppf account of HUF is closed by bank since it was opened in 1995. now is it possible to invest in ppf ?
and what would be the best investment if ppf is not available?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 July 2013 usually ppf a/c is for 18 years for huf the period of 18 years is over u can open a new ppf a/c in other bank also.

there are various other ded u/s 80C available to huf.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 but banks have notification that they cant open new ppf a/c of huf

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 July 2013 pls provide the notification stating it.

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 its with bank... sbi denies to continue the existing a/c & open new a/c.